Equipment
Dril-Quip Ups Earnings, Drops Guidance
Dril-Quip has earned $59.1 million, or $1.50 per diluted share, for the three months ended December 31, 2014, versus net income of $47.1 million, or $1.15 per diluted share, for the fourth quarter of 2013. According to the company, the fourth quarter 2014 results were favorably impacted by an after-
Dril-Quip reports boost in profit. Predicts challenging 2015
Dril-Quip, Inc., a U.S.-based manufacturer of offshore drilling and production equipment, today announced net income of $59.1 million, or $1.50 per diluted share, for the fourth quarter of 2014, versus net income of $47.1 million, or $1.15 per diluted share, for the fourth quarter of 2013. The compa
Magseis Ends in Loss
Norwegian geophysical contractor, Magseis has ended in red in its first full year of operation. The company, which has a total of 77 full-time employees including 46 seismic crew, recorded net loss second quarter in a row. During the third quarter, the company recorded a $2.0 million net loss, compa
Chief Mate Guilty Over Fatal Dredger Collision
On the 8th June 2014 the Shoreway, a 98 metre 5000 tonne dredger, owned by Koninklijke Boskalis Westminster NV, collided with a Moody 31 sailing yacht Orca at the entrance to the River Orwell in Suffolk. At the helm of the Shoreway at the time was Mr Gerardus Chapel who was employed as Chief Mate. [
Havyard Sinks into Red
Havyard Group has slipped into loss in the fourth quarter 2014, despite significant growth in operating revenues, due to cost overruns in construction. The Norwegian vessel designer and builder reported loss of NOK 13.3 million for the quarter, compared to NOK 12 million profit in the corresponding
Picture of the Day: New Harvester from Italdraghe
Italdraghe, the long-standing Italian dredger builder, has considerable experience in designing and building weed harvesters and is currently manufacturing a harvester for the Kenyan government. This purpose-built vessel will work on Lake Victoria to remove the extensive ever-expanding mats of water
Bids Invited for Port of Gdansk Dredging
Zarzud Morskiego Portu Gdansk SA has invited bidders to submit their offers for the Port of Gdansk development project. The announced scheme will involve execution of three stages of durable strengthening to pier foundations in the Port of Gdansk. This project is scheduled to begin in May this year,
Ackermans & van Haaren Posts Strong Results
Ackermans & van Haaren, a diversified group active in 5 key segments: Marine Engineering & Infrastructure (DEME,one of the largest dredging companies in the world), Private Banking, Real Estate, Leisure & Senior Care, Energy & Resources and Development Capital, ended the 2014 financial year with a c
Osiris Upgrades Falcon ROV
In support of routine inspection and maintenance work at a Nuclear Power Station in the UK, Osiris Marine carried out in-house technical upgrades of the Falcon ROV. The company installed a fibre optic umbilical that provided extended performance capability of 850m. The addition of the fibre optic um
BP, Helix agree to delay Q5000 contract
Helix Energy Solutions Group, Inc. has entered into an agreement with BP Exploration & Production to amend their existing 2013 agreement for the Q5000 well intervention vessel. The start of the the well intervention services work in the U.S. Gulf of Mexico, previously scheduled to begin in the third
Corps Volunteers Promote Technical Education
Canvassing for the nation’s future engineering talent starts through community outreach programs, and the district seized the opportunity to showcase a variety of Corps missions to approximately 160 engineering students at Jenkins High School in Savannah. Corps volunteers participated as part of Nat
Snake-Clearwater Rivers Dredging Wrapped Up
The U.S. Army Corps of Engineers, Walla Walla District, has completed maintenance dredging of problem areas of the federal navigation channel and two port berthing areas in the Snake and Clearwater rivers where accumulated sediment had interfered with navigation. Dredging was performed to meet a cur
New Cutting-Edge Software from HYPACK
After a few weeks of final adjustments to HYPACK® 2015, the new software has been officially released. The software offers users cutting-edge technology including Real-time Point Cloud visualization, and multibeam and water column data integration and playback. As leader in the hydrographic and dred
INTECSEA Gets FEED for Buckskin-Moccasin Development
INTECSEA has been selected by Chevron U.S.A. Inc. to provide engineering and long-lead procurement services for the front-end engineering and design (FEED) phase of the Buckskin/Moccasin development in the Gulf of Mexico. The award comes as an integrated WorleyParsons and INTECSEA team recently comp